Ola makes it easy for drivers to get personal loans, partners with Indifi

Ola makes it easy for drivers to get personal loans, partners with Indifi

Ola makes it easy for drivers to get personal loans, partners with Indifi

Bengaluru, India | Red Newswire | Dec 12, 2015 Last Updated at 01:36 PM IST.

The personal transportation mobile app – Ola is partnering with Indifi to make it easy for its registered driver to avail personal loans and financing. The new loan scheme has already been introduced in Bengaluru  and Pune and is looking to partner with other finance firms to make this scheme available to drivers across multiple cities.

the drivers who have already paid at least 8 EMIs of their car loans or have worked with Ola for more than 6 months are eligible to apply for this. Further they can apply for loans for personal needs like business of spouse, home renovation, and marriage and so on.

It will take 3-4 days to disburse the loans after the driver has been scanned for CIBIL criteria. These loans will be financed by Indifi through Edelweiss Retail Finance.

Pranay Jivrajka, COO of Ola said, “"Access to financing for personal needs is essential to help our drivers achieve their goals and with an improved repayment capability, this partnership makes it completely hassle free for drivers.”

Back in last year, Ola invested Rs. 100 crore in driver ecosystem.

Source: ET Bureau